Types of Debt

  • Credit Card Debt

    Credit Card Debt

    Credit card debt is the most common type of unsecured debt in Canada. Thousands of Canadians have turned to the…

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  • Student Loan Debt

    Student Loan Debt

    Student loan debt is one of the most common debts in Canada with the total debt owed reported to be…

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  • Medical Debt

    Medical Debt

    While healthcare in Canada is predominantly covered by Canada’s universal health care system there are some medical costs people need…

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  • Cellphone Debt

    Cellphone Debt

    Most cellphones are taken out on a payment plan in which you make monthly payments towards your plan in exchange…

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  • Payday Loan Debt

    Payday Loan Debt

    Payday loans are a quick fix for people who are struggling to make their income stretch to the end of…

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  • Mortgage Debt

    Mortgage Debt

    Mortgages are loans provided to buy a home. These are secured against the property and are paid over a long…

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  • Car Loan Debt

    Car Loan Debt

    Getting on the road is a costly affair with Canadians relying on long term car loans, with high-interest rates, to…

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  • Lines of Credit Debt

    Lines of Credit Debt

    More than three million Canadians have home equity lines of credit, 35% of Generation Z Canadians plan to get a…

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  • Utility Bills Debt

    Utility Bills Debt

    Falling behind on everyday essential utility payments such as electricity or gas is classed as utility debt. Figures showing that…

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  • Tax Debt Help

    Tax Debt Help

    Owing tax debt to the Canada Revenue Agency (CRA) can be daunting but ignoring the problem can only lead to…

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  • Secure Debt

    Secure Debt

    A secured debt is a loan that is backed by assets which reduces the risk associated with lending. This means…

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  • Unsecured Debt

    Unsecured Debt

    An unsecured debt is a loan that doesn’t require an asset as collateral to borrow. Types of unsecured debt include…

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